Macau Legend Correlations
| MALDF Stock | USD 0.02 0.00 0.00% |
The correlation of Macau Legend is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Macau Legend Correlation With Market
Excellent diversification
The correlation between Macau Legend Development and DJI is -0.65 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Macau Legend Development and DJI in the same portfolio, assuming nothing else is changed.
Macau |
The ability to find closely correlated positions to Macau Legend could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Macau Legend when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Macau Legend - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Macau Legend Development to buy it.
Moving against Macau Pink Sheet
| 0.42 | MUFG | Mitsubishi UFJ Financial | PairCorr |
| 0.41 | TSM | Taiwan Semiconductor | PairCorr |
| 0.39 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.38 | EC | Ecopetrol SA ADR Buyout Trend | PairCorr |
| 0.6 | STRS | Stratus Properties | PairCorr |
| 0.54 | SBKO | Summit Bank Group | PairCorr |
| 0.52 | WLK | Westlake Chemical | PairCorr |
| 0.52 | IFS | Intercorp Financial | PairCorr |
| 0.48 | CING | Cingulate | PairCorr |
| 0.48 | VOD | Vodafone Group PLC | PairCorr |
| 0.47 | CMA | Comerica Incorporated | PairCorr |
| 0.43 | WEJTY | Webjet Limited | PairCorr |
| 0.42 | CLEGF | Coles Group | PairCorr |
| 0.38 | ACGL | Arch Capital Group | PairCorr |
| 0.37 | MTZ | MasTec Inc | PairCorr |
| 0.34 | AOIFF | Africa Oil Corp | PairCorr |
| 0.33 | FLFG | Federal Life Group | PairCorr |
| 0.69 | CCL | Carnival | PairCorr |
| 0.64 | ADEA | ADEIA P | PairCorr |
| 0.57 | SBYSF | Sibanye Stillwater | PairCorr |
| 0.52 | MFGCF | Mayfair Gold Corp | PairCorr |
| 0.52 | NTRSO | Northern Trust | PairCorr |
| 0.47 | SOJE | Southern Company | PairCorr |
Related Correlations Analysis
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Macau Pink Sheet performing well and Macau Legend Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Macau Legend's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SPOZF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SEPGY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CETMF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IDND | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TNTAF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ELYS | 35.89 | 9.92 | 0.18 | 0.98 | 24.23 | 200.00 | 266.67 | |||
| BEBE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TAIMF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ITMZF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JKHCF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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